Thursday, January 20, 2011

News Update Four face more unlicensed moneylending charges

By Elena Chong

The employer and her Filipino maid faced more charges with illegal moneylending.

THE employer and her Filipino maid together with two other Filipinas charged a week ago with illegal moneylending faced more charges on Thursday.

Koh Suat Lay, 47, was charged with six more counts of operating as an unlicensed moneylender by giving loans of $300 and $500 to three more Filipino maids through Melanie Jacalan Munar between 2008 and May last year.

She allegedly charged an interest rate of 10 to 50 per cent.

Her domestic help, Melanie, 28, is accused of helping her to hand over the loans to the maids at various locations. Two other Filipino maids, Honey Irene Busto Pande, 27, and Amparo Cacayuran Gayo, 36, are accused of six charges and and one charge respectively.

Pande allegedly conspired with a Singaporean named Lawrence Yeo, 69, to carry on the moneylending business between June last year and January to give out loans to various Filipino maids at an interest rate of mostly 20 per cent.

Each was offered bail of $30,000 and investigations are still on.